“Oh please——that’s the PR they put out for popular consumption. The $2 billion state pension money was being wire-transferred into their numbered accounts offshore. “
How can the disappearance of that much money go unaccounted for? Aren’t there auditors? Aren’t there any internal safeguards whatsoever?
” HERE’S ANOTHER SCAM THE PENSION HANDLERS PULLED OFF: On 11/22/08 news reports said the state pension fund was looted of another $94 million.
The State Investment Council’s pension investment in Blackrock Hedge Fund went below margin requirements-— the pension fund has to come up with another $94 million or its investment will go down the toilet. SIC head Orin Kramer said “bank loans” that Blackrock invests in are much safer than common stocks which make the pension investment “attractive. “ Treasury’s Tom Vincz says the state stands to earn 20% return on this “new investment”
And where was Larry Fink this whole time? Fink has been involved with numerous dirty dealings over the past few years, and he not only is never implicated, he ends up getting the “liquidation contracts” for the companies he helped to plunder.
Sheesh!!
Duh.
Larry's busy. Fink serves on the board of trustees of New York University, and holds various chairmanships including, the Financial Affairs Committee. He is a member of the Executive Committee, and also co-chairman of the NYU Hospitals Center Board of Trustees. Fink is a trustee of the Boys' Club of New York.
In 1989, Fink founded BlackRock, an investment management firm which today is a leading firm in its sector. Fink, chairman and chief executive officer of BlackRock, is chairman of the Executive and Management Committees.
BTW, Fink's eldest son, Joshua Fink, serves as chief executive officer of Enso Capital.